Hi-Deal of the week. They’re selling at list! Hurry!!!


Millwheel, a new Luxury residential 32-unit condominium project located at 1275 Indiana is now available!! Finishes are a rustic/contemporary (think Restoration Hardware-style) and all homes come complete with reclaimed wideplank Oak hardwood floors in common areas, Belmont cabinetry, light Cesarstone countertops and gas ranges. All closets will be finished with Alpha Closet organizers. All units will have private outdoor space (either a patio or balcony) and fireplaces. No amenities or roofdeck, however there will be a common courtyard. HOA dues will all be under $400/mo. 1 car parking is available and additional parking will be available for purchase. (25K per.)  
 
I’ve seen these units and they’re gorgeous. This neighborhood has huge upside as the development of China Basin and the surrounding area continues.  
 
32 Units in total, variety of one level flats (no bi-level or townhome style)
One 1bed/1bath floorplan approx 750sqft, Mid $500′s
Fifteen 2bed/2bath approx1100-1200sqft, starting at Mid $600′s
Fifteen 3bed/2bath approx 1300-1500sqft, starting in the low $700′s

 

For additional details and to schedule a tour, Contact me Today! 
Presented By:
 
April 2012
Matt Ciganek Lic: 01871937
Primary: 415-240-9901
 
 
 
E-mail: mattc@realestatesf.com
 
This week’s investment deal of the week is a pied-a-terre for the UCSF employee or a student’s oasis. Buy as a freshman and sell after the senior year. Why pay rent or get a dorm room when you can own for lower mortgage payments?

   
700 Moraga St San Francisco, CA 94122
$348,888
Location, location, location! Full Golden Gate Bridge view from your bedroom. Brand new updated bathroom and kitchen. Affordable living in desirable Golden Gate Heights- low density, Single Family Residence neighborhood. Peaceful, pleasant, and plenty of parking. On top of the hill next to Grand View Park. Close to UCSF. Also a great investment opportunity. Recently converted to condo, passing all city inspections. High quality aluminum roof on building.
Directions: From GG: Funston South to Moraga From 19th North: Right Kirkham, Right Funston
 

Investment Deal of the Week

This week’s deal of the week is a contractor’s special or a homeowner / investor with patience or drive to complete a long-term project. This is a great location near Glen Park (In Glen Park District) Not far from BART or the commercial district. I love Mizpah! So much potential here. Let me know if you’d like more info. Thanks!
   
25 Mizpah St San Francisco, CA 94131
$529,000
This Glen Park Victorian is a contractor’s special which will need an all cash buyer. Set back from the street and recently re-shingled in front, the house has wonderful street charm. On the main level, the living and dining room are an open area spanning from front to back of the home. Upstairs are three bedrooms and a bathroom, and downstairs is an undeveloped basement and bonus bathroom. With a garage and off-street parking, on a quiet street close to Glen Park Village, BART and freeway on-ramps, this is a fixer with a fabulous future.
Another studio in District 4 is this week’s investment deal. This Diamond Heights unit could be cash positive with very little money down as a rental. Possibly a $1,300 to $1,500 rental? Lots of amenities in this complex with fairly priced HOA dues also make it attractive. Bank owned and won’t last. Call or email me for more details.
   
175 Red Rock Way # 209 K San Francisco, CA 94131
$144,900
Great opportunity to own this condo unit located in the Diamond Heights Village. Studio has approx. 474 sqft. of living space. Home has new carpet and interior paint thru out. Open floor plan with living area looking into the kitchen. Nice size kitchen with lots of cabinet spaces. Kitchen and bath has tile flooring…easy to clean. Two large closets by the bathroom. Large windows in the living area that over looks the lush green trees/plants. Complex includes: heated pool, Jacuzzi, patio area, gym, walkways, club house with reading area. Near transportation and shops. Why rent when you can own at this price. This is a must See!!!

Investment Deal of the Week

This original condition Eichler is an interesting investment possibility for a homebuyer or developer wishing to display talent. These are rare birds inside city limits and offer something different from the usual fare offered in the city, while still retaining quite a bit of California style. A would-be developer is sure to have huge marketing exposure and due to the status of the architect, increased liquidity. It’s a design opportunity. Refurbish, not redevelop. What can be done with this unique opportunity? Judging from the number of viewers poking around at the open house, it won’t take long before someone snaps it up and finds out.

   
76 Amber San Francisco, CA 94131
$819,000
Here is an opportunity to own a Diamond Heights Eichler home that is in excellent,original condition.Walls of glass create a seamless blending of the interior and outside spaces. Enjoy morning coffee in the south-facing front courtyard,which offers privacy and is almost like an extra room that is open to the sky.The level,rear yard is so visible through the glass that it seems like it is part of the living room.There are four well proportioned bedrooms on the second level, two of which have views to Mt.Davidson.The master bedroom has it own private deck. The modern detailing of this Eichler home has been untouched, allowing a new owner to make this special home their own.Live in as is or make it your own special mid century masterpiece.

San Francisco Residential Real Estate Market Summary-March 20, 2012

 

 

We’re now well into a situation where sellers, while not in complete control, are definitely in the driver’s seat. There are still lending issues and properties with tenants or condition issues continue to have some difficulty finding the right buyers. A staged house in “move-in” condition is still getting much higher levels of interest.

 

The biggest challenge for buyers right now, and greatly benefiting properties on the margins, is the lack of inventory. Even with a few flaws, if it’s a clean property and staged, it’ll most likely sell for more than it would have last year and much more quickly. There’s not much to choose from and a lot of folks trying to do the choosing.

 

The market is beginning to understand what’s happening and it’s causing more buyers to pull back and reconsider their home-buying strategy. This may have a dampening effect, but most likely only a temporary one and on marginal properties only. The IPO driven tech and biotech surge, (see here) which really seems to be the largest component of the current market bounce will not be going away anytime soon and seems likely to last through 2012 at least. With those businesses, longer term predictions are speculative at best, in my opinion. 

 

The fact of the matter is that the rest of the country is still working out foreclosure and short sale issues while this bounce removes many of those here in SF. That could help to increase inventory as those who may have been short can now sell somewhere closer to cost or better.  At some point in the not too distant future, San Francisco could be considered less attractive than nearby communities with large inventory and significantly lower prices. Just not yet. Buyers definitely still feel like SF is the place to be.

San Francisco Residential Real Estate Market Summary-February 22, 2012

 

“Why did the market go up today?”  As the veteran traders on Wall Street used to say, “More buyers than sellers”.  They could have talked about interest rates, inflation, oil prices, consumer confidence, stock prices, etc., but at the end of the day, it’s really just more buyers than sellers causing prices to rise. 

 

A lot more buyers than sellers would accurately describe the current situation here in the San Francisco real estate market. It appears that the shackles are off and people are ready to buy real estate. That means multiple offers over the listing price, offer dates and rising prices. How much and how far this current surge goes remains to be seen. As the rest of the country is still wading through it’s recession-related issues, the Bay Area is booming and real estate is a strong indicator that it looks like it’s going to continue that way for a while. I know gas prices are rising and there’s a constant stream of news from Iran, Syria and elsewhere but it doesn’t seem to be much of a deterrent here in the Bay Area. 

 
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